Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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For Sale, Office, Retail

FOR SALE: New Westminster Retail & Office Building

I am pleased to bring to market this two-storey retail and office building in the desirable Uptown area of New Westminster. 7,280 SF building on a 8,712 SF site. Two restaurant tenants on the main floor and mostly vacant office space upstairs. Clean environmental. Asking $3,750,000, $515/SF.

For further details: https://www.collierscanada.com/en-ca/properties/for-sale-by-court-order-high-exposure-retail-office-property-in-uptown-area-of-new-westminster/can-416-sixth-street-new-westminster-bc/can2020382

April 16, 2026by david.taylor@colliers.com
Retail, SOLD

Maple Ridge Medical Plaza Trades for $9.3M

A fully leased, medical service–oriented retail plaza at 20528–20580 Lougheed Highway in Maple Ridge has sold to a private local investor for $9,300,000.

The property, known as Mageta Medical Centre, comprises 13,817 SF of rentable area across two buildings on a 1.19-acre site.

Deal Notes

  • Sale Price: $9,300,000
  • $/SF: $673
  • Cap Rate: 5.3%
  • Building Size: 13,817 SF
  • Year Built: 1992
  • Use: Medical / service-oriented retail
  • Status: Fully leased

The property had originally been listed for sale by Avison Young in late 2024 for $11,750,000. The Buyer in this transaction was represented by William Wright.

April 6, 2026by david.taylor@colliers.com
Retail, SOLD

$55 Million Retail Deal as Alberni Street Property Changes Hands

The retail air space parcel of the former Shangri-la Hotel (now Park Hyatt) at 1101-1133 Alberni Street in Downtown Vancouver, has traded hands. The property had been acquired by Brookfield as part of their hotel acquisition in 2025 and was spun off as a separate offering, with retail including Urban Fare, the Keg and Burberry.

Sale Details

  • Sale Price: $55,000,000
  • Retail GLA: 40,996 SF
  • Price per Sq. Ft.: $1,342
  • Cap Rate: 5.30%
  • Seller: Brookield
  • Buyer: Aquilini

March 8, 2026by david.taylor@colliers.com
Apartment, Rental, Retail, SOLD

Newer East Van Apartment Building Sells in $21.5M Deal

A 31-Unit apartment building located on Fraser Street at East 17th Avenue has been sold by Low Tide Properties. The 2017 built apartment/retail building is located on a 12,197 SF site.

The building contains a retail unit leased to Bells and Whistles.

Sale details:

  • Purchase Price: $12,500,000
  • 4.4% cap rate
  • $694,000 per unit
  • 13 one-beds, 15 two-beds, 3 three-beds
  • 3,174 SF of retail space

The property was listed and sold by the Cushman and Wakefield BC Multifamily Team.

March 8, 2026by david.taylor@colliers.com
Office, Retail, SOLD

SOLD: Port Coquitlam Retail & Office Plaza

The Colliers team including Casey Weeks and Morgan Iannone is pleased to announce the successful sale of Westwood Square, an 18,000 SF two-storey retail and office plaza located at 3242 Westwood Street in Port Coquitlam.

Please reach out to us for details.

March 7, 2026by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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